Those gifts you opened this morning — they’re worth less to you than the gift-giver paid for them, no doubt. That’s the deadweight loss of Christmas for you. But plenty of economists are saying “bah, humbug” to economic rationality and endorsing inefficiency this year. Continue reading →

President Obama will address a joint session of Congress on Thursday evening to outline his plan for job creation and reviving a stumbling economy. Judy Woodruff previews the speech with former director of the Congressional Budget Office Douglas Holtz-Eakin and former economic adviser to Vice President Biden, Jared Bernstein. Continue reading →

President Obama addressed a joint session of Congress to outline his plan for job creation. Judy Woodruff discusses the president’s address with NewsHour Political Editor David Chalian, former Director of the Congressional Budget Office Douglas Holtz-Eakin and Center for American Progress’ Heather Boushey. Continue reading →